Fed’s Kugler is back speaking and says:

• The February jobs number was a solid number
• Hiring remains above the breakeven level.
• Isn’t that worried about small up taking unemployment rate
• Wage gain moderation has helped lower inflation .
• Is watching very closely for any sudden job market changes
• Does not expect government job cuts to shop summary

Earlier today, Fed’s Kugler said she expects monetary policy to remain steady for some time, citing recent inflation data and a balanced job market. He strongly supported the decision to hold rates steady at the January FOMC meeting and emphasized that future policy changes will be driven by incoming data. While inflation has been moving sideways, he highlighted important upside risks, including a notable rise in some inflation expectations. However, Kugler noted that the job market has substantially rebalanced, and wages are not a key driver of inflation pressures at this time.